Current Market View

Wednesday, March 23, 2011

Derivative Market Overview For 24 March



5600 is a very stiff resistance as a lot of writing has happened. 5400 is reclaimed and should this be maintained then once again it can emerge as a floor. However resistance stands tall at 5600
The PCR ratio rose to 1.25 v/s 1.06, which signifies bullish - neutral sentiment and I.V’s were between the levels of 21%-24%.
TATACOM, HOEC, IBREALST & PANTALOONR saw short covering in trade.
DCHL, BGENERGY & VOLTAS have seen long build up in trade.
NCC, ZEEL & GRASIM saw shorts getting piled.
ESCORTS, MCLEUDRUS & VIDEOIND are among the major counters that saw long unwinding in trade.

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